Question
At 1 June 20X1 Koals ple was owed 252,980 by its customers. In the year ended 31 May 20X2, the company received 1,664,734 from customers
At 1 June 20X1 Koals ple was owed 252,980 by its customers. In the year ended 31 May 20X2, the company received 1,664,734 from customers and also wrote off 12 480 dents as irrecoverable. Koals plc does not offer any discounts for early settlement. At 31 May 20X2, the allowance for receivables was 15,900
At 31 May 20X2 the final figure for trade and other receivables in Koals plc's statement of financial position, net of the allowance for receivables, was 401 804
What amount will Koals plc show for revenue in its statement of profit or loss for the year ended 31 May 20X2?
A.1.810,138
B 1,816,978
C. 1.826,038
D. 1,841,938
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